Ras Al Khaimah has cemented its position as one of the UAE’s most dynamic real estate markets, with total transactions in 2024 surpassing AED15 billion ($4 billion)—a remarkable 118% increase compared to AED6.94 billion in 2023. The emirate’s real estate market recorded 2,985 sales transactions last year, highlighting its growing appeal to investors and homebuyers.
Unprecedented Growth in Ras Al Khaimah’s Real Estate Market
This exponential growth emphasizes Ras Al Khaimah’s evolution into a high-potential real estate hub, offering a distinctive blend of luxury, affordability, and long-term investment opportunities. The surge in transactions reflects the emirate’s strategic transformation into a destination for high-quality yet accessible real estate, making it a magnet for global and regional investors.
In addition to sales, Ras Al Khaimah also saw significant mortgage and assignment transactions:
- 1,224 mortgage transactions exceeding AED4 billion.
- 845 assignment transactions with a combined market value surpassing AED3 billion.
What Drives Ras Al Khaimah’s Real Estate Boom?
Key developments, including premium waterfront projects and the much-anticipated Wynn Al Marjan Island, have significantly boosted the emirate’s real estate appeal. These projects, coupled with a strong infrastructure pipeline and expanding entertainment offerings, are driving investment and elevating Ras Al Khaimah’s profile in the competitive UAE market.
Andrei Charapenak, CEO of Major Developer, commented, “The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate’s evolution into a top-tier investment destination. Demand continues to surge, reaffirming the unique opportunities this market offers for both investors and homebuyers alike.”
Investor-Friendly Policies Propel Demand
Ras Al Khaimah’s investor-friendly regulations, coupled with its expanding hospitality and tourism sectors, are further fueling the real estate boom. The emirate’s focus on sustainable urban planning, world-class resorts, and improved air connectivity has enhanced its attractiveness to international visitors and residents.
With high rental yields and a superior quality of life, Ras Al Khaimah has firmly established itself as a top choice for property investment in the UAE. Developers remain committed to creating landmark developments that redefine waterfront living while maximizing long-term returns.
Branded Residences on the Rise
The real estate sector in Ras Al Khaimah has seen substantial growth over the past decade, particularly across key clusters such as Al Hamra, Mina Al Arab, and Marjan Island. Between 2026 and 2029, a total of 14,148 new residential units are set to be developed, with branded residences making up 5,604 units, representing 40% of the total.
According to Stirling Hospitality Advisors, real estate units in the emirate saw an average price increase of 30% in 2022, driven by significant developments like the Wynn Resort announcement and a projected population surge of 55% by 2030.
Price Growth Projections
With its strategic location, premium developments, and proactive government initiatives, Ras Al Khaimah is primed for continued price growth in the real estate market. Forecasts suggest:
- Prices in the secondary market could reach AED4,000 per square foot by 2027.
- Prices could climb to AED4,500 per square foot by 2030, signaling robust demand and investor confidence.
Ras Al Khaimah is truly on a trajectory to become a major player in the UAE’s real estate landscape, offering unparalleled opportunities for growth, investment, and luxury living.
